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Facebook Plunges At Opening As Insider Lockups End

Shares of Facebook (Nasdaq: FB), the No. 1 social networking site, plunged more than 5 percent when the market opened Thursday, as insiders were free to unload as many as 241 million shares.

Lenovo Group 1Q Earnings Jump 30% As No. 2’s Sales Soar

China’s Lenovo Group (Pink: LNVGY), the No. 2 PC maker, reported first-quarter net income jumped 30 percent , ahead of estimates, as global revenue rose 35 percent – far better than performance for its U.S. rivals, Hewlett-Packard Co. (NYSE: HPQ) and Dell (Nasdaq: DELL), the No. 3 PC maker.

Wal-Mart Hikes Full-Year Profit Outlook After Strong Fiscal 3Q

Wal-Mart Stores Inc. (NYSE: WMT), the world's largest retailer, said Thursday increased sales from U.S. stores that have been open at least one year plus strong international sales lifted its fiscal third-quarter profit 5.7 percent.

Apple iPhone 5 "4-Inch" Concept - Design By Spencer Caldwell

Apple iPhone 5: 250 Million Units Of Next iPhone Could Be Sold Over Its Life Cycle, Says Analyst

With the highly rumored September 12 release date of Apple's next gen iPhone, the so-called "iPhone 5," approaching fast, speculations concerning the 2012 version of the flagship smartphone have flooded the Internet over the last few months. Given the enormous buzz among people, it's pretty much sure that the device's sales, no matter how it finally launches - as "iPhone 5" or as the new iPhone, will touch new heights.

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El Niño’s Rebound Might Help Deere & Company Sales Next Year

Periodic weather pattern is expected to end South America's drought conditions, which might boost farm equipment sales in this key emerging-market region -- and bring some rain to Georgia, too.

The World’s Most Livable Cities In 2012 [SLIDESHOW]

How “livable” is your city?

Limbaugh Boycott Draws Blood: Cumulus Media Cites ‘Drag’ in 2Q Revenue

Liberal groups that have been boycotting radio broadcaster Rush Limbaugh for months have apparently drawn blood: aside from winning withdrawals of more than 100 advertisers, second-quarter revenue from 10 stations owned by Cumulus Media (Nasdaq: CMLS) declined due to the boycott, CEO Jim Dickey said.

SurfTheChannel Owner Anton Vickerman Sentenced To Four Years In Jail After Efforts From Movie Studios

SurfTheChannel owner Anton Vickerman has been convicted of conspiracy to defraud for his video streaming website. He has been sentenced to four years in jail after an extensive effort from the MPAA associated FACT to gather incriminating information on him.

America's Reaction to Shooting Massacres: Buy More Guns

Recent massacres where gunmen shot up public gatherings had Americans scrambling to buy more guns, so much so that Wall Street analysts are seeing little positive upside for gun manufacturers.

Warren Buffett's Berkshire Hathaway Drops Intel, Bets On Oil

Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK.B) dumped its shares of Intel Corporation (Nasdaq: INTC) last quarter and cut its stake in The Procter & Gamble Company (NYSE: PG) while boosting its exposure to oil refining and oil services.

Steve Jobs’ Wallet Stolen In Burglary Of Empty Residence

Police said a burglar stole the wallet of the late Apple Inc. (Nasdaq: AAPL) Chairman Steve Jobs July 17, when he broke into his empty residence in Palo Alto, Calif. The wallet had $1 inside along with Jobs’s California driver’s license.

Ikea Hotels? Swedish Furniture Chain Branching Into Budget-Chic Lodging

Ikea, the Swedish store known for its affordable DIY home furnishing, is branching into a new arena: the hotel business.

Dell Gets Bashed By S&P ‘Bearish’ PC Outlook

Wall Street powerhouse Standard & Poor’s lowered its opinion of Dell (Nasdaq: DELL), the No. 3 PC maker, because it’s becoming “more bearish of the PC industry in general,” the ratings agency said Wednesday. It trimmed its 12-month target price for Dell shares to $14 from $15.

Betty Smithey, 1963 Murder Case Convict, Released After 49 Year Sentence; Nation's Longest Serving Female Inmate [PHOTO]

Betty Smithey has spent the last 49 years locked up in the Arizona State Prison Complex in Perryville, Ariz. The almost 50 year stint makes Smithey the nation's longest serving female inmate. But on Tuesday, the 69-year-old who was convicted the 1963 New Year's Day murder of Sandy Gerberick, woke up a free woman.

Getty Images Sold For $3.3B To Top Management, Carlyle Group

The Carlyle Group (Nasdaq: CG), a global asset manager, and Getty Images management said Wednesday they formed a partnership to acquire privately held Getty Images Inc. from Hellman & Friedman for $3.3 billion.

Two of Kia's Forte Koup racecars piloted by Kinetic Motorsports on the track.

Kia Roars Into Motorsports With Forte Koup, Optima And Unexpected Success

The South Korean car manufacturer Kia has become an unexpected success with its Forte Koup and Optima cars on the Grand Am and Pirelli World Challenge racing circuits.

John Chambers, CEO of Cisco Systems, speaks during a news conference at at the 2010 International Consumer Electronics Show (CES) in Las Vegas

Cisco’s 4Q Results: Major Tech Bellwether For HP, Oracle

Cisco Systems Inc. (Nasdaq: CSCO), the No. 1 provider of Internet gear, is scheduled to report fourth-quarter results Wednesday that are expected to be much better than last year’s when CEO John Chambers said the company was overmanned and was in the midst of layoffs and retrenchment.

Despite the advent of mobile payments, Apple has been reluctant to move into the space, leaving that work to others like PayPal and Square. But with this newly-granted patent, it looks like Apple will take NFC into its own hands with the "iWallet.&qu

Mobile Banking On The Rise, 46% Of US Bank Account Holders To Use Service By 2017: Report

According to a recently released report by Forrester Research, mobile banking is growing both in the United States and in Europe. By 2017, there will be 108 million mobile banking users in the U.S., accounting for about 46 percent of all bank account holders in the country.

Mac OS X Mountain Lion 10.8.1 Update: 4 Major Issues We Hope Apple Fixes

Mac OS X Mountain Lion has out for about three weeks now, and millions of downloads later, it looks like Apple is getting ready to release the first major maintenance update for the new platform. Apple seeded OS X 10.8.1 to developers on Friday, but what exactly is Apple planning to fix in 10.8.1? Here are 4 major bugs, errors and issues that Apple definitely needs to fix in the 10.8.1 update.

Jamie Foxx And Biz Stone Get Schooled By Ron Howard On User-Generated Content

The once-noisy din surrounding user-generated contests has somewhat quieted in recent years, but Canon U.S.A. on Tuesday announced that it has wrangled up five disparate celebrities to direct short films under the tutelage of the Oscar-winning director Ron Howard.

Internet Blackout In Malaysia: Netizens Protest New Evidence Act Amendment S114A

Internet Blackout in Malaysia: Netizens Protest Evidence Act Amendment S114A

Malaysian netizens, opposition politicians, well-known bloggers and non-governmental organizations staged an Internet blackout on Tuesday to protest and raise awareness about legislation that could threaten free expression on the Web.

Is The Sun Setting on China's Solar Industry?

Some of the China's largest solar manufacturers are facing huge debt liabilities, and one of them, Suntech Power Holdings [STP.N], is potentially on the hook for hundreds of millions of dollars after it disclosed potential fraud by a partner.

Lawsky Wins! Standard Chartered Settles Money Laundering Charges With New York State

British Standard Chartered Bank, which had been accused by New York state's top banking regulator of engaging in illegal money-laundering on behalf of the Iranian regime in an explosive legal filing last week, id settling charges for a fine of $340 million.

London 2012: Peeping Tom Declan Crosbie May Escape Jail for Spying on Chinese Women Swimmers

Changing room voyeur faces compulsory treatment at sex clinic after pleading guilty to spying on Chinese women athletes in Leeds sports centre.

Fox Intern Lawsuit Could Mean ‘Swan’ Song For Unpaid Labor In Glamour Industries

Two unpaid interns who last year sued Fox Searchlight over work they say they should have been paid for are looking to expand the case to include all interns who participated in programs run by Fox Entertainment Group.

Smartphone Sales? Gartner Reports Global Shipments Fell 2.3% As Samsung Leads

Market researcher Gartner Group (NYSE: IT) said global smartphone sales eased 2.3 percent in the second quarter to 419 million units, accounting for a record 36.7 percent of all mobile phone sales.

General Motors headquarters at the Renaissance Center in Detroit

Auto Bailout To Cost Extra $3.4B

The cost of the 2009 bailout of the U.S. automotive industry by the federal government will cost the country $3.4 billion more than was previously estimated, reports said Tuesday.

Google Shares Set New Record High Despite Motorola Setbacks

Shares of Google (Nasdaq: GOOG), the No. 1 search engine, set a new record high of $672.23 Tuesday, a day after the Mountain View, Calif., announced it would take a $275 million charge for firing 4,000 employees of its new Motorola division.

Kodak Patent Auction Goes Into Overtime

Bankrupt imaging giant Eastman Kodak Co. (Pink: EKDKQ) said it extended the auction for its 1,100 patent portfolio beyond Monday’s deadline because it was talking to rival bidders. Citing “a complex and dynamic process,” the company didn’t disclose more information.

Fed Up With Big Bank Fees? These Credit Unions Offer Free Checking

At a time when big banks are constantly raising fees or imposing new ones to help them recover lost revenue from new regulations, not-for-profit credit unions are booming.

Apple Shares Near All-Time High On New Product Hopes

Shares of Apple (Nasdaq: AAPL), the world's most valuable technology company, have recovered lost ground and are trading not much below their record high of $644 set on April 10. Despite a setback when third-quarter earnings fell shy of estimates last month, they could set another record again this week.

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